PSI Exam – State(question and answers)graded A+ 2023

PSI Exam – State(question and answers)graded A+ 2023What are the five agency duties? - correct answer Loyalty, disclosure, and reasonable skill and care. Two additional duties that will survive agency are accounting and confidentiality. The TREC is composed of ____ members appointed by the governor. - correct answer Nine All TREC members serve ____-year terms. - correct answer Five At least one TREC member must be __ or older. - correct answer 60 At least one TREC member must be a _______ - correct answer Person of Color How many commission meetings are required to be held in each of the grand divisions of Tennessee on an annual basis? - correct answer One Licensee applicants must achieve passing scores on the national and state portions of the examination: Brokers: __% or greater Affiliate brokers: __% or greater - correct answer Brokers: 75% or greater Affiliate brokers: 70% or greater What must all agreements and contracts have per the Tennessee Real Estate Commission? - correct answer Termination Date An office property manager has responsibility for which area? A. Determining and collecting assessments for capital expenditures and maintenance B. Negotiating residential leases